The Nasdaq-100 Just Announced Its Latest Addition. The Stock Soared 1,090% Since Early Last Year, and It's Still a Buy Heading Into 2025, According to a Certain Wall Street Analyst.

The Nasdaq Composite is one of the most widely followed stock indexes in the U.S. The tech-focused index tracks the performance of more than 3,000 stocks listed on its exchange. The Nasdaq-100 is a subset of the index, tracking the performance of approximately 100 of the largest non-financial companies on the Nasdaq stock exchange. To be included in the Nasdaq-100, a company must meet the following criteria:The index announced its annual rebalancing on Dec. 13 after the market close. Palantir Technologies (NASDAQ: PLTR) was selected to join the Nasdaq-100, "which will be effective prior to the market open on Monday, Dec. 23." Since generative artificial intelligence (AI) went viral early last year, Palantir stock has surged 1,090%. Its decades of experience with AI made it the go-to for AI solutions, likely easing its admission to the index.After its recent surge, some investors are reluctant to buy the stock, particularly given its frothy valuation. One Wall Street analyst believes that view is myopic. Let's review the circumstances behind Palantir's recent parabolic move higher and see whether there's additional upside ahead.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool